The role of environment-friendly practices on the sustainable future of our planet has become one of the most crucial global issues of our century. Fuelled by this tendency, green industries and companies started to be considered as the main performers of subsequent demand for economic expansion, meanwhile contributing to the environmental and ecological continuity. In the current competitive business ecosystem, successful companies tend to increase their market share with M&A deals. Even though these deals help companies to improve their competitive position, buyers must settle a huge amount of capital for them. Increasing pressure rooted by the expansion of environmental awareness can be seen as only one of numerous motives for going into green merger and acquisition deals. Do acquirers bear higher transaction premiums for the sake of responsibility in front of communities or do they aim to gain further economic value? This research investigates if the bidders can excel through green merger and acquisitions, given that these deals have a huge impact on the formulation of a positive attitude toward them. For this purpose, the long and short term performance indicators of the acquirer companies in the pre-deal and post-deal periods are evaluated
